Always looking at the alternative as this is not a place to buy. Wyckoff. Pretty self explanatory. 1st ST has a lower price but lower volume matches event. Best, Hard Forky
Bitcoin continues to sit at the top of the descending channel, indicating further declines over the coming months based on historical ATH market top formations. Still a chance for a sustained bull run with Equities but history points to a collapse with added downward pressure on ALTs. No trade until the trend is clear - Best of luck to the bulls but bears might...
CFX has reched support. Big week for the market next week - potential to push up from here. 0.5 Best, Hard Forky
Reached March 2021 support. Hefty Long in place. Expecting sharp rally. - Bullish divergence on the weekly - Support Best, Hard Forky
SPX continues to trend after failing to break resistance at $4200 (floor of H&S market top) - 4 touches on my count. - Environment: Support for banks tricking folk into thinking there is QE. Analysts with Bearish scenarios are being shot down by critics. Waiting for this market to make a decision - Value is to the downside, Bearflag TP would support the...
$30k target achieved. Expectation originally forecasts a drop to FWB:23K before formation of a right shoulder. May/June CPI data could deliver on this thus long trade at FWB:23K remains viable. Alternative - Further bullish upside on a low CPI / negative core CPI count could push price up to stretch target of $34k. Best, Hard Forky
Current BTC Assessment: - Back in Dec 2021 we shifted bearish with aggressive downside targets of $18k based on historical top formation data applied to the 2021 top. Based on the historical structures I did expected some form of sustained relief rally in May 2022 but BTC remained under the 200MA. There are perhaps reasons for this including FTX. - The market...
The top similarities are uncanny. The idea that the market maker is sketching out the Cheat Sheet structure intrigues me. Just for Fun, let's see if we get a break of ascending support by end of year. B, HF
CFX at bottom of the channel after upward momentum Long opportunity to mid-0.06 but high risk the market steps down another leg, pulling CFX down to 0.021 range. Best, HF
Bearish Scenario - support to fail and a break downwards based off BTC Wyckoff Pattern. Speculative and not shorting something that is so new and unpredictable but initial target is 1.6 with a potential to bounce. Final target $1.1 Best, Hard Forky.
Bitcoin continues to press on the top of this descending channel Some Cycle Guru disagreement here: - If you pertain to the Real Estate Cycle this will support a longer-term bullish move for next 5 years to a blow-off top in 2029 (18.6 & 100 years cycle). Heavy growth in banks & commodities, average growth in tech. - If you lean to Robert Prechter and his...
Expecting final drop Sunday before run up after 14th Feb / CPI report. Speculative path but expecting the move up to be quick. $120 Target, $130 Stretch (91%). Short later in March on failed right sholder. B, Hard Forky
If this pump can hold I'm expecting some form of reaction at $0.55. $1 within reach once past $0.7 resistance - Expecting BTC to potentialy break out in a week to realize this. Best, Hard Forky
Still in the short from 0.48 but considering alternative outcomes. The ceiling is at 0.77 and presents a realistic target for early April. Interestingly this is the trend based Fib indicates a key level of resistance there. I'm considering a sizable hedge. Best, Hard Forky Local Short
3 Year Adam and Eve `bottoming structure Scenario Market structure currently maps to an Adam and Eve and the bad news for the long-term bulls is that we might be only at the beginning of 'Adam' structure. That is a 2 year bear market still to play out! ! - Worst case scenario for this dip was $19k ($10k is reserved for Christmas). Market stops are gone....
Target Price $0.25. Tight Stop above recent high - Entry after weekly close. Expecting market to drop on weekly close. Best, hard Forky
$170 target remains viable. Possible resistance at $140 Best, Hard Forky
Called the last top in October 21, calling this double top in Dec 22. Longterm bullish on this market but looks like more value to be had at lower prices. 25% target. 31% Stretch target Best, Hard Forky